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Green Bay, WI housing market

Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources

Typical home value$346,366+5.4% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$75,085About 0.9× the local median income ($80,211): affordable for a typical household
Days on market47 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+5.2%Zillow expects prices to rise strongly

The typical home in Green Bay, WI is worth $346,366, up 5.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $274,765, so the area is 26.1% overvalued. It is a balanced market, leaning toward buyers: homes take about 47 days to sell, listings are up 69% from a year ago, 19% of listings have had a price cut. Zillow expects prices to rise about 5.2% over the next year. A household needs about $75,085 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $80,211. Typical rent is $1,119 a month, or $1,571 for a house. In the latest IRS figures, 251 more people moved in than out.

Home value over time

$0K$100K$200K$300K19801990200020102020
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.

Prices and affordability

Typical home value$346,366
Change in 1 year+5.4%
Overvalued %+26.1%
Show 7 more
Fair home value$274,765
Change in 5 years+39.4%
Zillow forecast, next 12 months+5.2%
Home value to income4.3×
Monthly mortgage payment (20% down)$1,877
Income needed to afford it$75,085
Property tax rate1.36%

Rent and investing

Typical rent$1,119
Typical rent for houses$1,571
Price-to-rent ratio25.8×
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HUD Fair Market Rent, 2 bedrooms$1,254
Gross rental yield3.88%
Cap rate (estimate)2.52%

Market activity

Listings vs a year ago+69.0%
Days on market47
Listings with a price cut18.7%
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Homes for sale985
Pending sales per 100 listings5
Asking price per sq ft$215

People and jobs

Median household income$80,211
Population change (1 year)+0.5%
Unemployment rate2.5%
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Population336,756
Income adjusted for cost of living$86,156
Net moves in (IRS)+251
Cost of living (US = 100)93.1

Schools, risk and environment

School rating (1 to 10)5.6
FEMA hazard risk score (0 to 100)82.1
Unhealthy air days a year10
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Flood risk score85.3
Wildfire risk score32.9
Walkability (1 to 20)6.8
Road, rail and air noise54 dB

Questions people ask

Is Green Bay, WI overvalued?
Home prices in Green Bay, WI are well above what local incomes have historically supported: fair value is about $274,765, so the area is 26.1% overvalued.
Is Green Bay, WI a buyer's or seller's market?
Green Bay, WI is a balanced market, leaning toward buyers: homes take about 47 days to sell, listings are up 69% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Green Bay, WI?
Home values in Green Bay, WI are up 5.4% over the last year. Zillow's forecast for the next 12 months is +5.2%.
How much do you need to earn to buy a home in Green Bay, WI?
A household needs about $75,085 a year to afford the typical home in Green Bay, WI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $80,211.

Counties in this metro

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